Hogan Lovells’ profit per partner tops $1.2m
Profit per partner at Hogan Lovells increased by 10 per cent to top $1.2m (£720,000) last year, the City law firm said today, as both revenues and profits rose to record highs.
Fees incomes increased by 5.2 per cent to $1.72bn in 2013, compared to $1.63bn in 2012, while revenues per lawyer were up 3.7 per cent to $742,613.
During the year Hogan Lovells advised Dell on its $24.4bn deal to go private, Liberty Global on the European competition, pensions and employee share plan aspects of its £15bn acquisition of Virgin Media, and Apple on its $17bn debt offering.
London, which is the firm’s single largest office globally and accounts for around 24 per cent of total revenues, brought in fee income of £265.4m –– up 4.5 per cent compared to £254m in 2012.